The currency of the proposed European Monetary Union will be

1. The question asks about the proposed currency for the European Monetary Union (EMU). 2. The EMU was established by the Maastricht Treaty (1992) with the goal of creating a single currency for participating European Union member states. 3. The name chosen for this single currency was the Euro. 4. Although the Euro was introduced electronically in 1999 and physically in 2002, replacing national currencies like the German Mark and Dutch Guilder, the proposed currency name decided upon earlier was indeed the Euro.